04 May Mother’s Day 2021- Smart Savings Tips For New Moms
Becoming a new mom can bring so much change in your life. In addition to changing your priorities, responsibilities and your sleep schedule, being a new mother also changes your financial life. Sure, there is budgeting for diapers and formula, but there is also childcare, tuition and all types of unplanned expenses. This is why it is so important for all moms to have a savings plan in place. In honor of Mother’s Day 2021, we have curated a list of some savings tips for moms that are super applicable for any mother looking to save her hard earned money.
Save With Budget Breastfeeding
Breastfeeding is not only good for your baby, but it can also help you save up to $1400 per year. While you may want to invest in an expensive breast pump, you can actually borrow these or buy one used and get your own plastic attachments (for sanitary reasons).
Cutting Down On Clothing Costs
Dressing your baby up can seem like one of the most fun parts of parenting for new moms, but it can also be one of the most expensive. With this in mind, there are a few things that you can do to save on clothing costs. Don’t buy your baby clothes too far in advance, babies do experience drastic growth spurts. Don’t spend too much on shoes, most infants don’t use them anyway. If you need to buy special-occasion clothes—visit your local consignment shop. Chances are, your baby will grow out of them in a matter of weeks.
Turn to Your Local Library For Freebies
The library is a great place to get all of the items that you need for your baby and growing toddler. In addition to having books and movies that can help entertain your little one, there are a lot of libraries that offer other activities as well. Many libraries will have classes, weekly story and game time, baby yoga classes and more. During the pandemic, many libraries are also offering virtual story time—and it’s all free!
Make Your Own Baby Food
We all know that grocery bills can really take a toll on any budget, but trust us, once you add baby food to the list, your grocery bill will start skyrocketing. If you have the time, you can mash steam fresh food like bananas, apples, sweet potatoes, peas and zucchini. In the end this will end up saving you a ton of money.
Whether you are a first-time mom, saving for college or just trying to manage all of the expenses that come with teenagers—most moms are always looking for ways to stay on budget. Remember, even the smallest acts of saving money can really add up to big financial benefits for any mom and her family.